Consensys Splits into Two Entities as MetaMask Becomes Independent
Consensys Software Inc. is splitting its operations, with the consumer-facing business rebranding under the MetaMask name and a new Consensys entity taking over institutional blockchain infrastructure and Ethereum protocols. The split aims to allow each company to focus on distinct markets—MetaMask will concentrate on consumer finance while the new Consensys targets enterprise clients. Joe Lubin, co-founder of Consensys, will lead MetaMask as chairman and CEO. The rebranding reflects MetaMask's evolution from a crypto wallet into a broader financial platform offering features like stablecoin yield, payments, trading, and Bitcoin support. The company has over 100 million downloads globally and facilitates trillions in transaction volume annually. Meanwhile, the new Consensys will continue developing Ethereum layer-2 networks such as Linea and clients used by institutional blockchain users.
Topics: Blockchain Infrastructure Consensys Ethereum MetaMask